Beth Kaufman Talks to CNBC on Proposed Tax Changes Impacting Life Insurance
Life insurance planning for wealthy Americans may be upended by a proposal in Democrats’ tax reform package.
The House Ways and Means Committee passed measures on Sept. 15 that would raise an estimated $2.1 trillion in taxes from corporations and the rich, to help finance President Joe Biden’s economic agenda.
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“I think most life-insurance trusts would be hit by this proposal,” said Beth Shapiro Kaufman, an estate planner at law firm Caplin & Drysdale.
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